The Michigan Venture Capital Association is proud to offer the Venture Fellows Program to Michigan’s venture capital community. The program, launched in 2023, is designed to increase the number of venture professionals in Michigan in order to accelerate the fundraising and deployment of capital into early-stage companies.Michigan’s entrepreneurial and investment community has seen success from funding and employing diverse professionals, but more progress can be made. Although Michigan meets or exceeds the national average of diversity within our venture capital industry, the state has the opportunity to set a benchmark for the industry that more clearly reflects representative populations.
MVCA staff worked closely with awardees to ensure success, holding quarterly lunches with the venture fellows and arranging educational opportunities. Staff also engaged the fellows in a number of ways to participate in volunteer opportunities to strengthen the entrepreneurial ecosystem—such as serving as reviewers for venture capital funds and/or judging and reviewing various business plan competitions around the state.
In 2017, MVCA created additional eligibility requirements for participating venture capital firms to be dedicated to building a diverse and inclusive entrepreneurial and investment community in Michigan.